As reported by ET, Hyderabad Angels had launched a chapter in the US last year. The current investment in Innovapptive, which is based in the US, is in line with its investment strategy to expand its portfolio globally. Hyderabad Angels transferred the funds to Innovapptive in December 2016.

The company posted a 400% revenue growth in the the first quarter of 2017. “We are pleased to see a 400% revenue growth for Innovapptive in Q1-2017 with the infusion of additional capital,“ said Kishore Ganji from Hyderabad Angels, who will join Innovapptive's board of directors.